Pretty typical MO from gold explorers.
Drill to infinity while drip feeding mediocre assay results to the punters.
The million dollar question is, what is the grade cutoff figure for a commercially viable gold mine nowadays?
Given the ridiculous Capex/Opex costs of running any hard rock mine, it's got to be many gm/t.
At the end of the day, how many established gold miners, on once bonanza finds, are even profitable nowadays? I'd wager very few!
Ann: Minyari Dome Project - Results from 2023 Air Core Drilling, page-16
-
- There are more pages in this discussion • 43 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AZY (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.5¢ |
Change
0.002(8.70%) |
Mkt cap ! $119.2M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.6¢ | 2.3¢ | $408.9K | 16.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 581192 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 2978125 | 15 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| AZY (ASX) Chart |